BayCom Corp (NASDAQ:BCML – Get Rating) – Equity analysts DA Davidson released their estimates of second-quarter 2022 earnings per share for shares of BayCom in a report issued on Monday, April 25. DA Davidson analyst G. Tenner anticipates that the company will report earnings of $0.50 per share for the quarter. DA Davidson also provided estimates for BayCom’s fiscal 2022 earnings of $2.25 per share and fiscal 2023 of $2.39 per share.
Separately, Zacks Investment Research upgraded shares of BayCom from a “hold” rating to a “buy” rating and on Tuesday, April 5,
BCML shares opened at $23.02 on Tuesday. The company has a gearing ratio of 0.27, a current ratio of 1.03 and a quick ratio of 1.03. The company has a 50-day simple moving average of $22.17 and a 200-day simple moving average of $20.45. BayCom has a 1-year low of $16.47 and a 1-year high of $23.52. The stock has a market cap of $315.03 million, a price-to-earnings ratio of 11.40 and a beta of 0.81. BayCom (NASDAQ:BCML – Get Rating) last released its quarterly earnings data on Thursday, April 21st. The company reported earnings per share of $0.51 for the quarter, beating Zacks’ consensus estimate of $0.36 by $0.15. BayCom had a net margin of 22.74% and a return on equity of 8.80%. The company had revenue of $26.75 million for the quarter, compared to analysts’ expectations of $24.30 million.
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A number of hedge funds recently added to or reduced their stakes in the company. Assenagon Asset Management SA increased its stake in BayCom by 85.9% in the first quarter. Assenagon Asset Management SA now owns 39,982 shares of the company, valued at $870,000, having acquired an additional 18,471 shares during the period. BlackRock Inc. increased its stake in BayCom by 1.7% in the fourth quarter. BlackRock Inc. now owns 103,579 shares of the Company’s stock valued at $1,942,000 after purchasing an additional 1,752 shares during the period. Manufacturers Life Insurance Company increased its stake in BayCom by 1.1% in the fourth quarter. Manufacturers Life Insurance Company now owns 710,900 shares of the company’s stock valued at $13,336,000 after purchasing an additional 7,647 shares during the period. Susquehanna International Group LLP increased its stake in BayCom by 107.0% in the fourth quarter. Susquehanna International Group LLP now owns 27,984 shares of the Company, valued at $525,000, having purchased an additional 14,462 shares during the period. Finally, Greenwich Investment Management Inc. acquired a new stake in BayCom during the fourth quarter for approximately $1,369,000. 53.08% of the shares are owned by hedge funds and other institutional investors.
The company also recently announced a quarterly dividend, which was paid on Friday, April 15th. A dividend of $0.05 was paid to shareholders of record on Friday, March 11th. The ex-dividend date of this dividend was Thursday March 10th. That equates to an annualized dividend of $0.20 and a yield of 0.87%. BayCom’s payout ratio is currently 9.90%.
BayCom company profile (received rating)
BayCom Corp acts as the bank holding company for United Business Bank, which provides various financial services to corporations, business owners and individuals. The company offers sight, savings, money market and time deposit accounts. It also offers commercial and multi-family home loans, including owner-occupier and investor home loans; commercial and industrial loans, such as B. equipment credits and working capital lines of credit; small business management loans; construction and real estate loans; agriculture related loans; and consumer credit, which includes installment loans, unsecured and secured personal lines of credit, and bank overdrafts.
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